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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (71677)	3/10/2001 2:21:57 PM
From: westpacific	Read Replies (2) \| Respond to of 99985

BRCD, EMLX - still high PEs and not willing to own any tech - even those testing the bottom of the channels. Just that QLGC still has room to the downside more than the other two. But just because technically they are testing bottoms does not mean they will hold. Most of the technicals are shot to hell right now, and getting mighty difficult to trust - we are in a new frontier. One that we will all learn from and become better traders by watching how this all shakes out. Take lots of notes - they could be of great value at some day in the distant future. At best they will make great stories around the fire with the grandchildren on a cool fall evening. Right now bottom fishing is like walking in a mine field. As for myself not willing to try, even at the expense of profits - always a better day with more sunshine to play. The soldiers on Wall Street will gladly take your money. Just posting my opinion on what I see in the charts is all. QLGC will test 23. As for the others, we shall see if they hold the channel. Good luck. West